October 31, 2016 BY Valentina Kirilova

CLS welcomes promotion of PvP settlement in FSA's

With the heightened focus on regulation, growing cross-border investment and reducing securities trade settlement cycles globally, provider of risk mitigation and operational services for the global FX market ClS has welcomed the initiative by the Financial Services Agency (FSA) to promote payment-versus-payment (PvP) settlement to mitigate settlement risk. This reaffirms Japan's commitment to strengthening settlement…

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October 31, 2016 BY Valentina Kirilova

Wall Street's blackest hours: Black Monday revisited

Lessons From 29 Years of Market History 29 years ago this month the world equity markets experienced a meltdown that became known as Black Monday (or Black Tuesday in Asian time zones). On October 19, the Dow Jones Industrial Average plunged 23%, which happened to be its largest-ever one-day percentage decline. As equity and bond…

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October 31, 2016 BY Valentina Kirilova

New on MOEX Equity & Bond Market

Moscow Exchange (MOEX) has announced that from 31 October 2016, any Russian federal government bond (OFZ) being offered at the auction on the primary market will be available for trading in all other trading regimes at the same time. When OFZs were previously offered at the auction on the primary market, trading in the OFZ…

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October 31, 2016 BY Valentina Kirilova

FCA warns on clone firm of UK Fast Finance

The UK Financial Conduct Authority has put out details of the cloned firm UK Fast Finance. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics to…

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October 31, 2016 BY Valentina Kirilova

Starfish FX loses Cyprus CySEC license

The Cyprus Securities and Exchange Commission (CySEC) has announced that, on 30th September 2016, the CIF Starfish Markets (CY) Ltd lost its authorization with number 286/15. The company (formally named Starfish Markets) had received a CySEC license back in December, but never activated it. Starfish Markets is a registered New Zealand company controlled by Malaysian national…

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walbrook capital markets fxcm
October 31, 2016 BY LeapRate Staff

Walbrook Capital (formerly FXCM Securities) replaces CEO Paul Inkster with Conor Ringland

LeapRate Exclusive... LeapRate has learned that FCA regulated multi-asset broker Walbrook Capital Markets Limited is restructuring its operations, with the main change being that it has tapped board member Conor Ringland to replace Paul Inkster as its CEO. We understand that Inkster will remain with Walbrook, with a more commercial role (and a different title), while…

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October 31, 2016 BY Valentina Kirilova

MFSA warns on MXTrade false regulation claim

The Malta Financial Services Authority (MFSA) has become aware of the website https://www.mxtrade.com/ which is falsely stating that MXTrade is licensed by the MFSA. The MFSA alerts the public, in Malta and abroad, to refrain from undertaking any business or transactions with the above-mentioned entity. Many other regulators have already warned on MXTrade, including CySEC,…

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October 31, 2016 BY Valentina Kirilova

ASIC permanently bans former NSW financial adviser Ashley Howard

ASIC has permanently banned former NSW financial adviser Mr Ashley Grant Howard from providing financial services after an investigation found he had: engaged in dishonest conduct; held out that trading he was conducting was authorised; provided financial services when not licensed or authorised to do so; and engaged in conduct that was likely to mislead.…

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